DUMSIA

[Adesuwa Okunbo Rhodes @AdesuwaOR]

The video with @schoolofhardknocks is out and it’s gone viral. None of it was planned. I invited James to the Aruwa office to meet him and learn how he’s built his business. We took a picture, he left but then: he came back and wanted to film. Tomorrow morning.

[Forbes @Forbes]

James Dumoulin (@tvmjames) has built an audience by asking one simple question: What financial lessons did you learn the hard way?

The cofounder and face of The School of Hard Knockz reaches millions with content promoting financial literacy, alongside brand partners including Burger King, Microsoft Copilot and Celsius.

Explore the full #ForbesTopCreators 2026 list: https://t.co/CzD26jfPM1
📸: Amanda Edwards via Getty Images

[FCCPC Nigeria @fccpcnigeria]

Banks answerable to FCCPC, court rules

* Dismisses UBA’s suit, fined N2m

* It’s a big victory for bank customers, says Tunji Bello

Advocacy for consumer rights in the banking sector recorded a major boost today with a judgement by a Federal High Court in Abuja dismissing, in its entirety, a suit by UBA Plc seeking to contest the jurisdiction of the Federal Competition and Consumer Protection Commission (FCCPC). 

In its ruling, presiding Justice James Omotosho affirmed the Commission’s statutory authority to investigate consumer complaints involving banks and other financial institutions.

In the suit, FHC/ABJ/CS/1972/2025, United Bank of Africa Plc sought to determine whether in light of Section 251 (1) (d) of the 1999 Constitution of the Federal Republic of Nigeria (as amended 2023) and Section 65(1)(a) of the Banks and Other Financial Institutions Act (BOFIA) 2020, the FCCPC could validly exercise jurisdiction over a commercial bank duly licensed by the Central Bank of Nigeria (CBN) and over any of its functions, acts, financial products, or financial services.

In his judgement, Justice Omotosho considered Sections 251 (1) (d) of the Constitution and 65(1)(a) of BOFIA, which the plaintiff had relied upon to challenge the Commission’s jurisdiction, and upheld the authority of the FCCPC in competition and consumer protection matters in the financial sector.

Consequently, UBA plc was fined N2m for “bringing a frivolous and unmeritorious case against the defendant”. 

With respect to receiving and investigating Consumer complaints, the Court stressed that there is no other agency in Nigeria saddled with this responsibility except the FCCPC.

“No portion of the Banks and Other Financial Institutions Act gives such powers to the Central Bank of Nigeria, nor does the Central Bank of Nigeria Act,” said Justice Omotosho. 

“The FCCPC (Defendant) is therefore the proper agency to investigate such consumer complaints,” the judge held. 

He therefore held that the FCCPC “is vested with statutory powers to inquire into Consumer Protection issues involving customers and banks.” 

Justice Omotosho cited Sections 1, 2, 17(e) and 104 of the Federal Competition and Consumer Protection Act, 2018 (FCCPA), relating to the objectives, scope, investigative powers and application of the Commission’s mandate in matters concerning competition and consumer protection.

Section 104 of the FCCPC Act states that “Notwithstanding the provisions of any other law but subject to the provisions of the Constitution of the Federal Republic of Nigeria, in all matters relating to competition and consumer protection, the provisions of this Act shall override the provisions of any other law.” 

In a swift reaction, the Executive Vice Chairman/CEO of FCCPC, Mr Tunji Bello, hailed the judgment, describing it as “a significant milestone in our advocacy for bank customers who have for long endured unfair treatment.”

He said the judgment provides judicial guidance on the complementary relationship between sector regulation and the consumer protection framework established under the FCCPA.

Mr. Bello stated that the decision reinforces confidence that consumers in every sector of the economy, including financial services, are entitled to accessible channels for complaint resolution and lawful redress.

He noted that the judgment is also significant for businesses, as it clarifies that regulatory accountability and consumer confidence are mutually reinforcing pillars of a healthy market environment.

According to him, the Commission will continue to engage financial institutions and other service providers professionally, fairly, and in accordance with due process, while encouraging internal complaint resolution mechanisms that address consumer concerns promptly.

Ondaje Ijagwu
Director, Corporate Affairs
@NigeriaGov
@NGRSenate @HouseNGR

[Sean Nelson @Sean_ADFIntl]

Seems like President Trump @POTUS wasn’t happy with the Nigerian government’s response.

[Elon Musk @elonmusk]

As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending.

The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.

[UDEH Chukwuma @ReynoldPete]

It's important to note that Calaba, Warri, and Onne are all deep waters; they do not require dredging. They only need the infrastructure to hold, load, and unload vessels. Interestingly both Tincan and Apapa are shallow water. Over 70% of the vessels borne for Lagos duck in Benin Republic, where they pay as much as $50,000/day for the vessel to be transferred to smaller ships so they can be moved to Lagos. Dangote also has another private port in Ikorodu that nobody ever talks about. Sometimes, I believe the problem with Nigeria is witchcraft because some things I see happen are completely illogical.

Suppose we go into Nigeria's manning industry. Anyway, make we just dey watch.

[Kalu Aja @FinPlanKaluAja1]

Port summary of what I have been posting. Stay on topic

1. Warri Port needs further dredging
2. Calaber port needs further dredging
3. Onne not connected to rails

Only the ports in Lagos are deep and connected to rails

To decongest Lagos

4. Dredge Warri already has a rail line; connect it to the eastern line

5. Dredge Calabar port

6. Dredge Onitsha River port for barges

7. Connect Onne to the eastern line

8. Connect the Apapa rail line to the Eastern line

If you do this, Nigeria's GDP will double, and Lagos will become less overpopulated

That's the goal abi?

[Olaudah Equiano® @RealOlaudah]

"STRUCK OUT"

Fiona Onasanya, is a Nigerian, although she never lived in any part of the country. She was born and raised in the UK. She would go on to become a lawyer and a Member of Parliament (MP) in Britain.

Her ultimate ambition was anything but ordinary: To become the first black female Prime Minister of her country of birth.

As things stand, that dream has suffered an abortion, triggered by the eclampsia of zero integrity.

The failed delivery started shortly after 10 pm on 24 July 2017, when her car was caught on CCTV camera clocking 41 mph on the Causeway of Thorney, Cambridgeshire. That area is a 30 mph zone.

Upon investigation, she told the Police that she wasn't the person behind the wheels on the said night. She insisted that it was her brother, Festus Onasanya who was the driver.

The former Labour MP who rose to the position of party whip, it was found, had connived with her brother to name one Aleks Antipow, her sibling's former lodger as the driver. Unfortunately, that alibi wasn't water tight. Antipow was with his parents in Russia, 1,800 miles away, at the time of this fateful driving.

This string of lies would become the undoing of Onasanya, who was a former commercial property lawyer. At the Old Bailey trial, she was found guilty and jailed for 3 months for perverting the course of Justice, as lying is deemed.

Neither did her brother escape the long arm of the law as he bagged 10 months behind bars for making himself available for conspiracy.

Promptly, the Labour Party launched a successful recall proceeding and deposed her as an MP for Peterborough.

You would have thought she had suffered enough for lying- a routine misdeed for many. But in that event, that wasn't the opinion of the British legal profession umpire!

The Solicitors Tribunal held a disciplinary hearing on Onasanya, for lying to evade consequences of speed limit breach.

Seemingly remorseless, she arrived at the hearing with her mother where she held on to her browbeaten line that she was innocent.

In the face of her insistence, the tribunal took the view that she had failed to act with integrity, that she acted dishonestly and failed to maintain the trust the public placed in her.

The Chair of the 3 member panel, which sat in Central London, Edward Nally summed up the matter this way: "As a parliamentarian makes the law, so a solicitor must uphold the law and rule of law and sadly in this case Ms Onasanya has failed in those duties. We must strike off Onasanya from the roll of solicitors".

With those words, Onasanya who qualified as a lawyer in November 2015 and worked in the lucrative area of commercial property law before becoming an MP in June 2017, will now seek gainful employment in any profession where integrity is not a critical qualification.

Lying is an unpassable wrongdoing.
This is the message spelt out clearly by the Onasanya experience.

On the other hand, the everyday Nigerian might wonder what the big deal is about lying let alone about the speed with which a car was driven. Some others might even ask in sarcasm, 'was anyone killed by the speed?' There goes the mindset that sets integrity alight.

MSD Reminds you to act responsibly and insist that in any event, the standard for leaders, as captured by the solicitors' panel, is matchless integrity!

Everything rises and falls on leadership.

For those who defend lies, this is their fate in sna societies.

Culled

[DUMSIA @OfficiallyCyril]

@fairmoney_ng @fccpcnigeria @cenbank Done

[CHUKS 🍥 @ChuksEricE]

#30DaysRantChallenge no be here oo🧎🧎😭😭

[Dr. Kenon @drkenon2]

This lady is currently the most courageous Gen Z in Nigeria. Despite everything, she has even been motivated & has invited Nigerians for 30 DAYS CHALLENGE to call govt officials out.

[DUMSIA @OfficiallyCyril]

@OmotayoSolomo10 @PeterObi There's no crime standing against d govt when the govt fails to perform its duties as promised. What is bad is a govt that doesn't listen to the honest views of its citizens, & citizens who shy away from speaking the truth to power. But that is what govt wants,silence.

[DUMSIA @OfficiallyCyril]

@Isabelloisa1 @PeterObi Please direct this same opinion to your leaders who swore an oath to make life better for Nigerians. I hope that's what they're doing?

[DUMSIA @OfficiallyCyril]

@justomodiagbe @PeterObi Have you asked yourself what 33,000 can buy for you in Nigeria today? With this same amount corps members in the past were able to cater for their feeding and logistics monthly ,meanwhile this same amount can't even take care of their transportation in a month,let alone feeding.

[Peter Obi @PeterObi]

The National Youth Corps member, Ushie Rita Uguamaye, also known as Raye, recently had an experience that highlights a troubling trend in our nation—one where voices of reason and truth are met with intimidation rather than dialogue and engagement.

Reports indicate that she has faced threats from NYSC officials simply for expressing her concerns about the current administration.

This pattern is not isolated. I, too, have been subjected to threats for daring to offer constructive suggestions and comments.

I now face daily intimidation, harassment, and name-calling simply for expressing solution-based views on government policies.

Such actions are antithetical to the principles of democracy. A government that silences its citizens is not democratic or one that is subject to accountability and good governance and is most often corrupt.

I urge the current administration to reflect deeply on its approach to dissent and recognize that constructive criticism is a cornerstone of democratic progress.

To all patriotic Nigerians: Our nation's future and development depend on our collective courage to speak out against misgovernance, injustice, and intimidation.

Do not let fear stifle your voice. Stand firm, support one another, and continue to advocate for Nigeria we all envision—a nation where freedom of speech is sacrosanct, and leadership is accountable to the people, especially in critical areas such as education, healthcare, and poverty alleviation.

A just and prosperous Nigeria should be one where people like Raye are encouraged to speak out about the challenges they face, while those in government take urgent action to address these issues.

A New Nigeria is POssible! -PO

[DUMSIA @OfficiallyCyril]

@branch_mfb Good day, my account was debited this morning twice , 24,925.79 and 1,311.99 without my consent. The status is still pending,but Pls this transaction should be stopped and reversed. My card was not given to anyone, this might be from pos.

[Dr. GreyMOP @MaduabuchiDr]

The truth is that democracy given to us by the West has failed Africa. The Middle East is economically sound today because they shunned the democracy of the West.

Unfortunately, the military rule in Africa hasn't also helped Africa.
Africa needs it's own honest leadership style that works.

[PUMPING @bonnypumping]

@GRVlagos I don’t blame my wife anytime she tells me, she can never allow me enter an elevator or enter any elevator within Nigeria. She does enter any elevator in Switzerland, UAE or in Canada but whenever she’s home to Nigeria, she doesn’t take that risk even if it’s 12 storey building!

[Document Women @DocumentWomen]

The Nigerian Medical Association (NMA) and related groups have called for a thorough probe. Read more here; https://t.co/5hTgQgDybH

[The Dr Joy Aifuobhokhan @joyaifuo]

Thank you @channelstv for telling the Vwaere’s story! Kindly repost and share everywhere. We must get Justice

https://t.co/fAnhvwuRBS